The Commissioner for Insurance, Nigeria, Mr Sunday Thomas, has been elected the President of the Organization of African Insurance Supervisory Authorities.

A statement from the National Insurance Commission said, Thomas’ election alongside his Vice-President Mr Issouf Traore of Cote D’ Ivoire, was ratified at the general assembly of the body at Tunis, Tunisia recently.

The statement said, “The OAISA is an intergovernmental organisation eligible for the rights and privileges granted by the 1961 Vienna Convention on Diplomatic Relations.

“It’s an organisation saddled with the object of promoting cooperation among African Insurance Supervisory Authorities to share experience in the effective supervision of the insurance industry in Africa for the development of insurance markets.”

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